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Greece drops to 72 in Doing Business index as long-term problems persist
EconomyFeaturesto 20 days. Getting credit The country ranked 99 for securing credit for a business with a score out.... The score for the credit bureau coverage was just 11.1 in 2005, though rose to 72.5 in the current survey. The best score was achieved in 2015 at 82.5 out of 100. Credit registry coverage in Greece
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
Economyyear. According to the council, credit expansion is critical to the rise in consumer spending as banks gradually deal with the stock of NPLs on their books and more credit is extended to fuel..., by more favourable credit conditions, further stability as the election year is left behind
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Newsletter 226 -01/11/2019
to 'BB-' September budget primary surplus confirmed at 4.47 billion S&P raised on Friday its credit... following decisions by the Council of State (CoS) became reality, prompting the improved credit ratings... government (gg), declined by 1.43 billion in September to come to 153.33 billion. Credit contraction
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BoG data shows drop in card usage in first half of 2019
EconomyFeaturescards made up 84 percent of the total, and credit cards came to 16 percent. However, while card... transactions came to an average of 26 transactions per card versus 32 in the previous period, while credit... have carved out a strong foothold in Greek payment culture, followed by credit cards. The average
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Newsletter 237 -31/01/2020
at the end of last week, ratings agency Fitch upgraded Greece’s credit rating by one notch to ‘BB.... The latest deposit movement took the aggregate balance for all of 2019 to 8.86 billion euros. Credit contraction of 0.5 pct in Dec Balance stands at 154.29 billion for month Credit contraction in the Greek
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingfor Cairo III to follow in the coming weeks. The bank has secured the minimum ‘BB-‘ credit rating, which... in a persistently high cost of credit risk. This cost consequently restricts the net profit margin of banks.” The bank went on to say that while credit risk had improved in recent years, the rapid
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S&P holds off on new rating upgrade, ECB holds key to investment grade
Economythat a further credit rating upgrade could be on the cards, the rating agency did not publish a review... assists credit expansion and assisted by the RRF medium-term growth potential is enhanced. Shocks... will generate downward pressure on the credit rating. The same effect on the rating will come from prolonged
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The case for a general government balance sheet
Agoracredit line from the ESM to assure capital markets. This would have saved net interest on the debt and keep the gross debt lower than it is now. Perhaps it was felt that contingent credit... up spending opportunities that would have been more difficult under a contingent credit line. We do
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Fitch leaves rating and outlook unchanged, underlines fiscal performance key to higher grade
EconomyFitch affirmed on Friday Greece’s ‘BB’ credit rating and kept the outlook positive, remaining one... drivers in securing a higher credit rating. Improvements in the asset quality of banks that will lead to credit flow to the private sector will also constitute reason to upgrade. Maximising EU resources
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Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
EconomyMoody’s and DBRS issued on Friday night their scheduled credit reviews for Greece, both leaving... the last two years in the credit fundamentals, however, the macroeconomic environment in Europe... sentiment will be credit negative. Macro outcomes that will weigh on the economy and the public
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